ABSTRACT
As Cost Accountants, this chapter claims that one of the most urgent needs of British industry is the introduction of modern methods of Cost Accounting. It gives direct attention to the case of any industry with which you may be familiar and which embodies the characteristics of a large number of small or relatively small businesses each of which is administered on strictly individualistic principles. The ideal method of Costing Organisation would seem to consist in first deciding upon the principles, and after having them accepted by all concerned to have them simultaneously introduced at the various works. In the industries the chapter finds that the products pass through several quite distinct processes of manufacture and that different works may take up their raw material at different stages in its progress from the essentially raw product of the mine.
